Understanding Your Medicare Options

It’s very important to understand one’s options when first going onto Medicare. The reason for this is that when you take your Part B for the very first time, you’ll never be in as powerful a position as you are at that moment. If you decide that you’ll be taking a supplemental plan, as opposed to a MedAdvantage Plan, the supplemental plan is forbidden from asking you any health questions. This is important because if you actually have significant health issues, they can become significant issues down the road should you choose to change plans or move about between plans. The majority of people are unaware of this, and are of the mindset that you can move about between coverage and plans, similar to what one does with respect to their car or home insurance.

It’s important to understand that this is not at all true. Once you get past your initial enrollment period into Medicare, you are protected for approximately 6 months where no one can ask you health questions, but once that passes, you cannot change into another supplemental plan without positively answering health questions, without the possibility of being declined.

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